Word: postalized
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...TIME told of how Charles Ponzi promised investors a 50% profit in 45 days through his scheme of buying postal reply coupons in countries with depreciated exchange and redeeming them at face value for U. S. stamps. In 1920 he was convicted of using the mails to defraud and sent to Federal penitentiary. In 1924 his term was over but he was then convicted on a State charge, sentenced for seven to nine years. In October he will be eligible for parole. TIME also said that the Ponzi collapse brought down several Boston trust companies. Biggest of the closing institutions...
Arthur Jordan, onetime (1898-1916) owner of Meridian Life Insurance Co. of Indiana, was elected president of Postal Life Insurance Co., succeeding William R. M alone who originated the idea of selling life insurance by mail, founded Postal...
...announced that through the courtesy of the Massachusetts Institute of Technology, their indoor range for 22-calibre firing has been secured for Monday and Wednesday nights between 7 and 8 o'clock. A call has been sent out for candidates for the team. The first match will be the "postal competition" between seven or eight New England colleges under the auspices of the National Rifle Association, which is to take place after midyears...
...shrewd, straight-eyed miracle man of Boston's Hanover Street. He promised his clients a 50% profit in 45 days. On especially busy days, six mounted policemen handled the crowds in the street, 14 kept the corridor crowds in line. The essence of his scheme was to buy postal reply coupons in countries with depreciated exchange, redeem them at face value...
...Passed a bill reducing postal working hours from 48 to 44 per week; sent it to the Senate...